Market-if-Touched Order

This Issue in United States

Concept of Market-if-Touched (MIT) Order in Futures Trading

In this context of financial law, the following is a definition of Market-if-Touched (MIT) Order: An order that becomes a market order when a particular price is reached. A sell MIT is placed above the market; a buy MIT is placed below the market. Also referred to as a board order. Compare to Stop Order.